The European Union remains a problematic area for promoters of fund schemes, principally because there continues to be a number of technical barriers and home state regulations to navigate prior to the successful launch of funds in different markets.
The Passport recognition of funds across borders, based on the principle of mutual recognition, has been undermined by the 'Visa' requirements imposed by individual host states. Indirectly, this has opened the door for individual states to enforce national regulation complicating the registration process.
Access to international sales are currently restricted by:
- National regulation
Breaching those barriers is a complicated administrative burden devouring considerable time, cost and resource.
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